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ABI welcomes new asset class for infrastructure investments in Solvency II Delegated Act

The Solvency II Delegated Act concerning the calculation of regulatory capital requirements for infrastructure assets was published in the Official Journal of the EU on the 1st April. The Delegated Act entered into force on the 2nd April. Commenting on this, Steven Findlay, ABI Assistant Director for Prudential Regulation said:

Steven Findlay“We welcome the new asset class and improved calibration charge for infrastructure investments in the Solvency II Delegated Act, which the ABI called for. Further improvement could be made to include corporate infrastructure in the definition of infrastructure investment, and the ABI is looking forward to engaging with EIOPA’s upcoming consultation on how this can be achieved.”

“We are also pleased with the correction to Day 1 reporting deadlines, which we expected and ensures that group insurers do indeed have an additional 6 weeks to report. This is line with the requirements for quarterly and annual reporting, and the intention of the Directive.”

Last updated 01/07/2016